Principal Financial Group Inc. Grows Position in Sea Limited (NYSE:SE)

Principal Financial Group Inc. boosted its stake in Sea Limited (NYSE:SE) by 85.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 64,522 shares of the Internet company based in Singapore’s stock after buying an additional 29,788 shares during the quarter. Principal Financial Group Inc.’s holdings in SEA were worth $14,403,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SE. Price T Rowe Associates Inc. MD increased its position in shares of SEA by 17.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,206,713 shares of the Internet company based in Singapore’s stock valued at $6,407,770,000 after purchasing an additional 4,847,575 shares during the last quarter. Norges Bank purchased a new stake in shares of SEA during the 4th quarter valued at $548,158,000. Morgan Stanley increased its position in shares of SEA by 53.1% during the 4th quarter. Morgan Stanley now owns 6,170,453 shares of the Internet company based in Singapore’s stock valued at $1,228,228,000 after purchasing an additional 2,139,631 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of SEA by 1,455.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,596,337 shares of the Internet company based in Singapore’s stock valued at $317,751,000 after purchasing an additional 1,493,737 shares during the last quarter. Finally, Viking Global Investors LP increased its position in shares of SEA by 132.4% during the 4th quarter. Viking Global Investors LP now owns 1,905,002 shares of the Internet company based in Singapore’s stock valued at $379,191,000 after purchasing an additional 1,085,456 shares during the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

SEA stock opened at $271.12 on Friday. The business’s 50 day moving average price is $246.36. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.51. The company has a market cap of $138.79 billion, a price-to-earnings ratio of -75.52 and a beta of 1.30. Sea Limited has a 1-year low of $86.60 and a 1-year high of $285.00.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 18th. The Internet company based in Singapore reported ($0.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.06). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.68 billion. SEA had a negative return on equity of 82.81% and a negative net margin of 32.54%. The business’s revenue was up 146.7% on a year-over-year basis. During the same period last year, the company posted ($0.61) EPS. As a group, research analysts anticipate that Sea Limited will post -2.3 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Cowen increased their price target on SEA from $225.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 23rd. Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a research note on Thursday, May 27th. Macquarie upgraded SEA from a “neutral” rating to an “outperform” rating and set a $280.00 price target for the company in a research note on Monday, March 15th. Stifel Nicolaus increased their price target on SEA from $225.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, March 3rd. Finally, Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $260.00 to $340.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $228.00.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features, such as user chat and online forums.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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